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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Office buildings
2284 Main St 2294 Bexley, OH 43209-2335
Individually Owned
13-yr Hold
Free & Clear
Property ID
US66-1859479
Property summary
AI-generated overview
This exceptional commercial property, Bexley Manor, presents a unique leasing opportunity in the heart of Bexley's vibrant downtown. Located at 2284 E Main St, at the corner of E. Main St and Drexel Ave, this two-story, Class B building offers 11,525 square feet of traditional office space, ideally suited for a variety of businesses. The building boasts six individual suites, with a minimum divisible space of 1,500 square feet and currently 2,400 square feet of vacant space available. The property was built in 1979 and features ample parking with 38 spaces available for tenants and their clients. Utilities include electric power. While elevators are not present, the building's two-story design ensures convenient access to all suites. This property is situated in the desirable Bexley-Downtown submarket, offering excellent visibility and accessibility within a thriving pedestrian commercial corridor. The address is 2284 E Main St, Bexley, OH 43209. This is an excellent opportunity to establish a presence in a highly sought-after location. Contact us today to schedule a viewing and discuss your leasing needs.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
WOOD
Total area
12,260 SF
Lot
0.18 ac (7,623 SF)
APN
020-000124
UPID
US66-1859479
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.27M
Owner & transaction history
Gavin Alice & Scott Larrimer L · 13 yrs held
Gavin Alice & Scott Larrimer L
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+11.1%
Apartment house (5+ units)
$1.8M
+1.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bexley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bexley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,750,000
Current use
AUTO REPAIR, GARAGE
$1,945,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,775,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$1,655,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,955
Tax year 2023
Assessed value
$284,310
Assessed 2023
Previous assessed
$252,180
+12.7% YoY
Effective rate
7.72%
On assessed value
Assessed land
$26,920
Assessed improvement
$257,390
Land market value
$76,900
Improvement market value
$735,400
Total market value
$812,300
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
12,260 SF
Lot
0.18 ac (7,623 SF)
APN
020-000124
UPID
US66-1859479
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Gavin Alice & Scott Larrimer L
Individual
Free & Clear · 13 yrs held
Mailing address
2030 ALADDIN WOODS CT, COLUMBUS, OH 43212-3272
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2013
—
Gavin Alice & Scott Larrimer L
Larrimer Gavin R Trust
Quit Claim Deed
related
—
Jan 6, 2012
—
T & L Larrimer Family LLC
Larrimer Linda G Trust
Quit Claim Deed
—
Apr 30, 2008
—
Larrimer,gavin R Trust
Larrimer,gavin R
Quit Claim Deed
related
—
Dec 20, 2007
—
Larrimer,linda G Trust
Larrimer,terrence W
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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